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945 Colorado Avenue, 
Grand Junction, CO 81501

$499,999


4

Beds


2

Baths


2,141

Sq Ft


Multi-Family

Pending

Listed by

Nicole Metiva

970-243-0456

Last updated:

August 17, 2025, 06:35 PM

MLS#

20253930

Source:

CO GJARA

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About This Home

945 Colorado Avenue

Fully Remodeled Duplex, a prime Downtown Grand Junction investment! Wonderfully maintained and fully remodeled duplex in the heart of Downtown Grand Junction, CO, zoned RO (Residential/Office) for outstanding flexibility. Each unit offers 2 bedrooms, 1 bathroom, a ranch-style layout with basement, and has been upgraded from top to bottom. Both sides feature central air units, new furnaces, new roof, new flooring, fresh paint, updated fixtures, fully renovated kitchens and bathrooms, brand-new appliances, plus new electrical and plumbing throughout. But let's not forget the vintage, original hard wood flooring shines throughout. Every detail has been addressed, making this a low-maintenance, turn-key investment. Each unit includes one bay of the 3-car detached garage (3rd bay can be used for storage or rent this out as well) plus two off-alley parking spaces (can be used for RV parking). All kitchen appliances, washers, and dryers stay in each unit for tenant convenience. This property has tenants who have never paid rent late (in fact, they pay early) and are currently at market value, ensuring reliable cash flow from day one. Both units are rented and tenants can stay in place. Located just steps from downtown shops, restaurants, and entertainment, tenants will love the weekly farmers market, art galleries, live music, and year-round community events. Outdoor enthusiasts will appreciate easy access to world-class hiking, biking, skiing, the Colorado River, and the scenic beauty of the Grand Mesa—all just minutes away. This is a rare chance to own a fully updated, income-producing property in one of Grand Junction’s most vibrant and desirable locations.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1927

Price Summary

499,999

$233 per Sq. Ft.

MLS #:

20253930

Last Updated:

August 17, 2025, 06:35 PM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,141 Sq. Ft.


Structure

Structure

Building Area:

2,141 Sq. Ft.

Year Built:

1927


Lot

Lot Size (Sq. Ft):

7,840


Finances & Disclosures

Finances

Price:

$499,999

Price per Sq. Ft:

$233 per Sq. Ft.

Source:CO GJARA
The information being provided by Grand Junction Area REALTORS Association is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Grand Junction Area REALTORS Association All rights reserved.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.